Site Last Updated
9 May 2008
View recent
business sales
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"Just letting you know we have sold our business - Clever Cuts Hair Design, and could you please remove the advertisement from the web site.
We are fortunate to have sold the business through your web site. Thank you for time, effort and advise.
Cheers
Julia Watkins"
Clever Cuts Hair Design
Auckland, New Zealand
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business sales
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"The above business has been sold, thanks to the Aorata web page.
We handed over a couple of weeks ago and today have finished our obligations and best of all, received all the cash.
We both wish to thank you for all advise and recommendations re the above, and ask that last question, please remove us from the 'FORSALE' section.
Once again, many thanks and yes we have passed on and will continue to do so the benefits of Aorata.
Cheers, Tony & Ann."
Counties Cycle & Model Centre
Pukekohe, New Zealand
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| | Real Estate / Business Glossary
"R" Dictionary Definition - What is a :
Ratchet
A clause in a lease whereby the rent payable by the tenant can remain static or increase at review, but not fall. There are two general forms of ratchet clauses, full or modified. A full ratchet stops the rental falling below the previously reviewed rental level while a modified ratchet stops the rent falling below the initial contracted rental.
Rateable Valuation
Previously known as Government Valuation (New Zealand), this is the valuation done by an independent agency on every property at least once every three years.
Rateable Values
Values from the Rateable Valuation (New Zealand) are often used by the local councils to enable rates to be struck for each property. RV information provides a general idea of the value of each property and comprise three values – Land Value, Value of Improvements and Capital Value.
Reducing Loan
With a reducing loan you pay a set amount off the loan principal each payment, plus interest. It means your payments are much higher at the beginning of the loan but go down as time goes on (see Table Loan).
Rent Review
The right to review the rental under a lease. Commonly in occupational leases this is a 2 to 3 year period, while in the case of ground leases 5, 7, or 21 years are normal.
Real estate
Real estate refers to land and the buildings attached to it.
Right of Renewal
A clause within a lease giving a lessee the right, or rights, to renew an existing lease for a specified term on specified conditions.
Right of Way
A person may have the right to cross your property to gain access to their own property or there may be a general pathway across the land.
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